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<br /> � UNIF�Rh9 GOVENANTS_ BwrawK srul Londet covenant encl apre�z as (ollaws: �
<br /> � �
<br />` j 1. Paymant of P� �ht�wtmn t�and I�tatclwppes+s'Provld d�the Note,and the�pr ncipsl ot arbti+►itK�tt =
<br /> j Mxl�ibtednt�ss o��x�b�t Note,prepdy =
<br /> w��ny Future Advances sau^ed by ihe ik�nd of Trust. � p
<br />: j 3. �'undr�w f.u::: �M ��x��Q• SUb�ect ta a a�le law ot to a writtcn waiver by Lendttt,Borrowo� .. a o �
<br /> � i Lendeir on the day mont aYtp pta�iweitth of tho Y a(Y�axesaa W p se smant�which mey attatn pr orntYtovort his�Daed�ol _
<br />: i s,ir,►Nwre:n'Fw�ds" � � pr
<br /> j Tn�st,und grou�d re�ts c►n the Properly. if a�y,Dtus 9�tu a��s�Q}aeNtall c�9 easo+nabiy,esti�meted I�utea yi�+�d f��� _
<br /> o�rtwelith of yearty p+enuam instaUn�ents�°i mwt9°fl ya estimates thereaf.
<br /> : . ; to ttmo by•Lender on the�b�sis of�ssessments and bille arxf rea�onabl _
<br /> � Tho Fw�ds shall be he1d in e�►nstrtut'°"���P�S't9 0�u=cou��s o:which ore insured or guaranteed.bV Fedarel or stete _
<br />" � ai s�rancei�ct�ir�a�����r�s����ar�^�'nst�t charpe lor s�hn Aing end a p V��9 t�runds,enalyz ny sald account _
<br /> � a y
<br /> pf vCfl(yitlg 8tld COfl1{N���d N�S�SStT1Ent9 a�bi118, unless lander pAy9 Bortower�nterest on thts Funds encl appliCabla law
<br /> perrnits Lende►to make wc� o churge. Barrowor and Londe�may eprea in wnting at tlw time of execution of thl9 aeed ol
<br /> T�ust that iot�est o�the Funds sFuiUbe Pad to Barrower,ar�d udass su+%h ag�eement is made or appticablo law requires such �
<br /> is►terest to t�psud Le�det sha1�not�e required to psy Borrowu�ny i�tetest or earnings on tho Funds. Lende�s�r'9so tor --
<br /> Borrowat,witnout char e,an annual accountii�y�ol t>a('un�s sh.awing credits end de6its to tho Funds and the pu fso _
<br />:;� whlch each dabii to the�unds was mada. Tha Fw�da�re ptedpad as odd�tiana�security lor the surns secu+ed by tttiis Dosd _
<br /> of Tnast.
<br />;. � It the ertwunt of the funds h�eld by Lender,toget�g�i�re,itsfeshallnexceed the aemounc�e¢��toapay si�d�axes -
<br /> due datec of taxes.assessmonis, insurance premiun�s
<br /> essessments, insurance premiums and qround rents es the fa11 due, such excess shall be,at Barnwer's oR�•either
<br />� � p�om�ptly repaid to Borrower or credited to Borrower or►mont� inst311ments of Funds. If the amount of+the�d�h2k1 bY '
<br /> lender stwl!nat be sutfic'�ent to paV caxes, assessmonts,i�surance premiums and ground rents as theY fa,:cR,:�,�owe� _
<br />, shell PaY to Londer say amou�t necessa�ll to rnake up the defic�ax.'Y wrthin 3Q days irom tha date rtoi�ca is maa�.�tt� len�ter
<br />. �' to Botrower requestia yment thereaf.
<br /> � llpon Dayme�t i�t�f aN sixns sec.�wed b tNs Deed of Tnist.le��der shaA promptly.refund t�� f?Qr-�wer a-'+y Ern�3s heid
<br />` � � aPa�y�,nor.lat r thae�Pmmed+atelY Prlor to th�e��e of ihe Property or i�ts acQuls t on by Le�de a,e+xi Fis ds rf►e�d d e�der et
<br />�•�^ the time of application as e c�eGt against the sums secured by thls Oeed o}Trust.
<br /> , i 3 ��d p��_ �u eppiic�bte taw proy ides othe��ise, aQ Rayments received QY Lender undar the Nota
<br /> �p�r gr e,p h s 1 a n d 2 h e r e Qf s Y�atl be a p�e d bY�endu ts�st i�p+Yment.of emounts pay�ble tv L�e�xier by Bortowe�under
<br />'4� . p�regrapt�2 hereof,the�►to irKerest PaV��t�Note,then to the princ�pal of the Note,a n d t ri e jr�v i n tarst snd p rinc+���
<br /> � ' o�any Future Advancus•
<br /> ,�, p����i�ep, gormri�s shall pay all taxes,assessme�ts and other charges,fines and��r•,�ositions attribut to
<br /> the Propeny wh3ch maY ettain a priority ovar thls Deed Qf Tnut, and IesseholA payments ot gro�u�d ren���eYdKeetly
<br /> � �rx�aovidad u�da P�W��2 hereaf or.if not Ra:�ar,such ma�u�er.by Borcowet making�Yment,
<br /> to the:pa yee thereof. Bo�rav��sha8 promptlY t�rowrer stut�mptiy�urni h a l.e�de�re eiPts evide�ir�sucpl���me�tc.
<br /> � event Bortawer shall make paYma�t di:ectly,80
<br /> Bortowe�stw�E Dromptly discharg�n so I�ong as Bor ower shall ave tNn w��ng to tk�ietp�Ymen o the oWipation stcured by
<br />;� re�uired to discAa�go a�5r such 1' g
<br />-� �ch ti�n�e��wt�iich�pe�ate to p�eveMrth�e enfaCe�nttof the i�e a v�e+ture��f tt�ie P�rapertY or a�Y P�t�reot
<br /> -� ��{�p�o�. Bcrrowe�shatl keep tha improvements now exis�uig or h�qoft�e���t��ePa�Y�e
<br /> � agsinst toss by fke,hazards included within the tertn'extended coverage ,e�!t�i�a�
<br /> �,��h art�o�s u�d for such pe�iod9 as�end��may require;provided,that terw`rx shall nci ze�w�ro that the a��ount of
<br /> �_'�: such coverage exceed that amount of coyerage requlred io paY the sums securcd ly th7s De�f��t T�t•
<br /> , �'. �;ns�uance cartie�prov�ding the Nu�rrance shaA be chosen by Bo�rower sub�ect to ap rov&i C/:��ef•prov'�ded,tt4t
<br /> idi
<br /> such aPPruval sh�U not be ut�aasonadd n stucF�maru�u.bY Bonower makinp PaYm�e^t.w n due adir� to�ri�w�
<br /> - u��,o��..�s'swh�!�f_. .
<br /> —� ����' �dre�ewata thereof shall be in form acceptabte to.i.ender end sh�f irtictuda a nancfa�d mortgage
<br />�� . Aq insurance
<br />.�� clause in favor o and in farm acce table to Lende�. lendu shell have the r.flht to hold the policles�nd rensw�ls thereof.
<br /> and Borrov�er shaU promptiy fu to Lender e11 renewal notices and et�receipts of paid premiums. In t�e event of loss,
<br /> Bortower shatl g+ve prompt notice to the insu�u�ce carrie�and Lender. Lendu m�Y�ke proof of bss ii roi made promP�h/
<br /> bY�rrowec. ep�
<br />—= U�tess�ende�and 2a�ewdesueh rewst�oietwn w r pair u econo�tni�ca:�feas+0�e+�nd�theasecuntY°t S�at��rTnist�is
<br /> _�.—� NwPropertYdart�a9e0.Gm
<br /> �t�y�pyr�, t�y,oda restwation o��epair is not econom'�catty feas:3ie cr if�tu secu��t5►of this D�ed of Tnist woutd
<br /> �� •�+,�p�r�e proceeds shaN 6e appNed to tho sums sec�Ne��Y t�s�'�°'`f of Tn�st,w�tn the excess,it any.p�e
<br /> '��:• to Borrov�er- tt the Prope�ty�is abandoned OV Borrower. or if Borrov�cer#a�1s to respond to Lenda within 30 daYs from the
<br /> `.•.::� dste notice�s nwled by Le^de�to Bwrowe.°that the insivance cerR�e af`ers to settle a claim far insurmce benefits.Lende�
<br /> ;:�;?,�
<br /> is auG`�or¢cii to coMect and applY th�e insurance proceeds et Le^ders epcion either to restoratia:ar repw of the opaty or
<br /> to the sums secured by this Deed of Tmst. t sttiatl not extend
<br /> Un1eu Lender and Borrower otherwise egree in writit�g any such application of proceeds to�incipt
<br /> pr pp�po�the Eue date of the moMhN irutaW�►ts reierred to in pabyg e�S�{��htfit tk fand intK�esttof BoROwer��t�id
<br />—° , ;��Ifn�ts. �f unda Qar�greph 18 hereof the Woperty is scpuired L �msg� to the ule or
<br /> .;.,P to any Ksut�ce Po«o L�d�t t�t►etextte�i►t of th�e autms c ured by�his D�ot T��u.�st tirt�irt��d'�Si N�o such cNe ot
<br />.':"i;:_°:. �C��SI�IOR S��
<br />_ - acqwsit�oo, p���d UniR Q�aytopmMb. Borrowe�s1�31
<br /> - - 6. Pr�+rMion and Maint�nmc�d Propwty: I.ws�wld�: Ca�dort�^ment ef detederation of the Property and shsH
<br />—_- keep tho Pir�p�ty m good.repair�nd sh�U not commiE waste or pemiit�ur�p�
<br /> �^` com ly with the prew's�ms of any leue if this �e¢�i Qf T�ust is on a teasehat�f. It this Qeed og Tnrst is on a urit in a
<br /> -:.,.'� c���m«e pta�i unit dev�fopment.Borrower shalt pe�form ell at Borr�we�'s o�li9ations unda the dec�ation a
<br /> ��� '• covenants uesting or gove the cor�dominium or plan�ed urt�t devetaWneni.,tt�e by-t3ws and re�ul�tiau of the
<br /> �:;;: ��y,.�a �dg�snd cwutituent documert�. If a condornirtwt+n or plttnned unit dev�nt�
<br /> -'`'�`'� � nower and recorded tcQether with thi.s Deed cf Trust,the covensnts a��d aQreaments of such rida sh�il
<br /> _��.: is exetute�by, t11E covenants 2od eQreemer►iS Of tltis Deed af Tnut es if the rida wEre
<br /> sz•' be incprporated mto and st�amend and suDP�
<br /> a p��COf. If Bonower fails tope rform the covenanES 3nQ a9reemeMs contai��ed'^this Deed
<br />.� . 7. P�ot�tlon oi L��'s S�a�itY..
<br /> of Trust,a it any ection cr�tc�eedin9 is commenced which materiallY affects tender's inte�est i�the Prope�ty u�k�dinp
<br />,.�r;;�:. but not limi�ed to.erninent doma►n,insolvency.code enforcement.or�rrangements or proceedin9 di�sburse�such sumsNDub
<br /> ;;:��-:: dc�u.then Ler►das zi Le�der's option,upon notice to Borrower.maY make such eppes�ar�ces.
<br /> take such actan as N��N i�praLect Le�Aer's�ntu�st, inc[udinQ,Gut not timitod to, disbursemeni of taasanahlt
<br /> �u,��� attorneY's fees and�uAo�t��OP�Y to malce repairs. If Lender reqwred mortgage insurance as e cnr�iilon oi nat'�g
<br /> thg loan seaxed by tt�e D�td of Trust!Borrower sh�ll pay the premiums requ�red to maintain such inw�ance�efTect unti�
<br />�� such tirne as the reWicerttent fo�such u�suranca termi�tes in eccordance w�th Borrowefs and lenders written reeme+�t
<br /> or appflcabk law. 8ortower st�alt pay tha amounc of aU mortfle�e ins�usnce Drem+un►s u► the ma�e� a°V���
<br />',�+� patog�aph 2 he�eof.
<br /> Any amounts disbursed by Lender pursuant to ihis paragraph 7, with interest thereon, shall �e addit
<br /> ;ndebteCness of Barrower seaxed M/t��of Trust. tkress Bortower aod Lender agree t� ��?�t���t�h�e
<br /> amo�x�s sh�I!be ptyabte upon notice irom Lerber to Bonower requesting paYmeu��t�Note unTess PaYma►t ot irtterest
<br /> ��. Qau of d�bursema'R at thc rate Wysbk from ti�ne to Wne a►outstandin9 Princ►Pa
<br /> : � at such rate wouid be conttary to 2pp�icable�aw,in which ev a h 7h���e�lend�errto'u�cw ar jr expe ue o�ttak�
<br /> • perm9ssible under eppliCable I�w. Nothirip contained in this Paz�9 P
<br /> •� any eCtion hereundar. pr
<br /> g. �c�On, Lende�may make a.cause ro be ma0e reasonabk entries upon and i�spections o1 the Pro�rty, ov'
<br /> ch�t lendei sFtiMl give Borrowe�not�ce Ono�to anY such irupeetiw�sAECifyirg reaso+�ab{e cause therafore tdsted to lecide�s
<br /> intuest in the�opeKtY• The proceeds of any award or claim tor damages, Girect or consequeat�al,i�cor.nectio�with eny
<br /> 9• ���"' the�eot,or}or conveysnce in lieu of condemr�t+on,aPe hereby ass+pned
<br /> ! condertu���ttF�t�of the Property�a P�
<br /> COIISTRUCTWM SECURITY INTEiUcST
<br /> � — - - — ---
<br /> 2 This Apr�yM Ncwa an obSiqation which tlr Thititd'r:
<br /> �1���y) Ctbfpr incwr�d br Nr pwpoyt of Rakiny inqrcvMirn�%
<br /> • on tM Rwl Ewu� in wAieti fA� Conseruai�+ ti:w.
<br />- �� k«pa�!is pwNt
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